Boughey Distribution’s profit took a hit after it ran out of warehousing space and was forced to outsource some of its storage operation last summer. While the food division of the NWF Group’s turnover increased 2.7% to £19.3m for the half year ended 30 November 2015 (2014: £18.8m), the extra costs its storage issue incurred “more than offset” this rise. The additional costs came from the transportation required to move the overflow consignments to and from alternative storage locations. In […]
DX Group saw turnover slip during the first half of its financial year as it continued with its strategy of ending commercially unattractive contracts that were inherited with its acquisition of the former Nightfreight business.
Boughey Distribution parent NWF Group saw turnover at the division drop 14.2% last year and operating profit halved, due to difficult market conditions and poor consumer spending in supermarkets.
Despite new business wins and growth in average storage volumes, turnover at Boughey Distribution remained flat last year.